Serious Allegations Raised Over JET BANK Licensing and Potential Financial System Risks in Albania

Albanian opposition figure Belind Këlliçi has published a set of official documents from Germany’s Federal Ministry of the Interior, raising concerns about the integrity of the licensing process for JET BANK, the country’s first online bank. The documents suggest potential links between individuals involved in the bank’s ownership structure and previously convicted financial fraud networks, prompting questions over due diligence standards and the broader implications for Albania’s banking system.

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Today I am publishing some official documents from the Federal Ministry of the Interior (Germany), which shed light on a serious threat to our banking system arising from the licensing of JET BANK, where a chain of relationships among several individuals can no longer be treated as a mere administrative coincidence.

According to these documents, Oliver Hemmer is the Managing Director of GRF Europe OU, which operated on behalf of 4XFX, owned by Israeli national Gal Barak. The latter has been sentenced to four years in prison in Austria after establishing a fraudulent call center scheme, with estimated damages of around €200 million across several European countries, including the United Kingdom, Austria, Germany, Spain, and others.

In another document, it is clearly shown that Oliver Hemmer is also the director of the Cyprus-registered company Constador LTD. This very company holds a 71% ownership stake in JET BANK, the first online bank in Albania.

At this point, the issue is no longer merely legal, but systemic. The Bank of Albania has licensed these individuals to establish the first online bank in the country, raising serious questions about due diligence standards and the integrity of the process.

More importantly, however, the question today is not simply whether legal violations have occurred, but beyond that: are we allowing Albania to evolve from an operational base of call centers that defraud European citizens into a hub for laundering these funds?

If this alarm is allowed to pass without response, this scandal would pose a direct threat to the credibility and stability of Albania’s banking system itself.